On Monday, I gave the bulls a slight edge, but at this moment its 50/50.
The bears now have a close below the 20 day SMA, however, it is very difficult to justify any impulse up or down so I'm looking for possibly one more little leg down within the wedge near the 1410 level.
Once that occurs, the red option is looking for a right shoulder to form on a wave (ii) red bounce for da bears. The bulls on the other hand will try to push this over 1450. We shall see.
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